PTC and Rockwell Automation form strategic partnership

PTC and Rockwell Automation entered a strategic partnership, with Rockwell Automation making a $1 billion equity investment in PTC and Blake Moret joining PTC's board. The partnership aligns smart factory technologies.

“PTC Inc. and Rockwell Automation, Inc. today announced that they have entered into a definitive agreement for a strategic partnership that is expected to accelerate growth for both companies.”rockwellautomation.com

• 1 source
• rockwellautomation.comPTC and Rockwell Automation Announce Strategic Partnership to Drive Industrial Innovation and Accelerate Growth | Rockwell Automation | USJun 11, 2018

Summarized from public sources; check the original articles before acting on it.